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506 Flynn St 2,423 SF Retail Building Alva, OK 73717 $385,000 ($158.89/SF)

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INVESTMENT HIGHLIGHTS

  • Business Value Included.
  • Historic commercial building in downtown Alva, OK .
  • Turn-key opportunity for the buyer.
  • Fully renovated store with a newly updated upstairs apartment, currently operating as an active Airbnb.

EXECUTIVE SUMMARY

*Historic Downtown Alva Retail Gem for Sale!* A rare opportunity awaits to own a piece of Alva's history! This iconic commercial building, home to a thriving retail store since 1970, is now available for purchase. Located in the heart of downtown Alva, Oklahoma, this property offers a unique chance to own a beloved local retail business with a beautifully renovated apartment upstairs. *The Business:* The retail store has been a staple in the community for over 50 years, providing a consistent and loyal customer base. The current owner has built a thriving business with loyal and online clientele. The store will sell with everything you see in it. Walk in and begin work right away. The owner is committed to ensuring a seamless transition, offering a limited time of support and guidance to the new owner. The business will continue to operate as normal until the sale is complete, providing a turn-key opportunity for the buyer. The business has the following; Active Social Media Following 15K+ Followers : Facebook, Facebook VIP group, Instagram & TikTok Shopify Point of Sale & E-commerce Website Integrated into Google, Shop, & Meta shopping platforms 10K Customer Profiles Integrated Email Marketing System & Customer Rewards System *The Building:* The commercial building has been meticulously maintained and renovated to preserve its historic charm. The fully renovated store boasts modern amenities while retaining its original character. The property also features a large detached carport in the back with alley access. *The Apartment:* Located upstairs, the fully renovated two-bedroom, one-bathroom apartment is a stunning addition to the property. Complete with modern furnishings, this apartment is perfect for an owner-operator or as a potential rental income source. The patio, fully furnished and equipped for entertaining, has been a popular gathering spot for showers, parties, and more. *Key Features:* - Historic commercial building in downtown Alva, OK - Thriving retail store with loyal walk-in and online customer base - Fully renovated store and apartment upstairs - Two-bedroom, one-bathroom apartment with modern furnishings - Furnished patio perfect for entertaining - Large Detached Carport with Alley Access - Support and guidance from current owner during transition - Turn-key opportunity for buyer *Don't miss this chance to own a piece of Alva's history!* Call today to schedule a viewing and make this incredible property yours!

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,423 SF
Building Class
C
Year Built
1922
Price
$385,000
Price Per SF
$158.89
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.09 AC
Zoning
Commercial - Commercial
Frontage
85’ on Flynn Street

AMENITIES

  • Signage
  • Storage Space
  • Air Conditioning

NEARBY MAJOR RETAILERS

Equity Bank
Royal Bank of Canada

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1001-00-028-030-0-000-UC
Land Assessment
$613
Improvements Assessment
$14,837
Total Assessment
$15,450
  • Listing ID: 35205152

  • Date on Market: 3/20/2025

  • Last Updated:

  • Address: 506 Flynn St, Alva, OK 73717

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